WS #13469
SpaceX's first earnings beat was overshadowed by a 6x capex surge to $18.4B, triggering a sell-off and raising concerns about AI spending sustainability across the sector. Google DeepMind CEO Demis Hassabis steps down to become Alphabet Chief Scientist, while Jeff Dean and three AI staffers depart to found a startup; Google considers $1.5B Mechanize deal—signals AI strategy shift. Abdul El-Sayed won the Michigan Senate primary and William Lawrence won a House primary on a datacenter moratorium platform, signaling potential regulatory headwinds for tech/datacenter sectors. Shopify surged 19% on Q2 revenue +34% to $3.58B, with AI-driven orders tripling YoY, highlighting AI as a complement to search. Astera Labs saw a $5.5M call sweep after a double-beat earnings, with RBC raising PT to $500, indicating strong bullish conviction.
SpaceX earnings and AI capex shock
SpaceX's first earnings beat was overshadowed by a 6x capex surge to $18.4B, triggering a sell-off and raising concerns about AI spending sustainability across the sector.
Google DeepMind CEO Demis Hassabis steps down to become Alphabet Chief Scientist, while Jeff Dean and three AI staffers depart to found a startup; Google considers $1.5B Mechanize deal—signals AI strategy shift.
Abdul El-Sayed won the Michigan Senate primary and William Lawrence won a House primary on a datacenter moratorium platform, signaling potential regulatory headwinds for tech/datacenter sectors.
Shopify surged 19% on Q2 revenue +34% to $3.58B, with AI-driven orders tripling YoY, highlighting AI as a complement to search.
Astera Labs saw a $5.5M call sweep after a double-beat earnings, with RBC raising PT to $500, indicating strong bullish conviction.